CAD/JPY Forecast tight Sl

Price Structure & Key Levels
1. Resistance Zone:
- 106.000–106.122: Strong resistance cluster.
- 106.122 (swing high) and 106.000 (psychological barrier) are critical.
- Price rejection here suggests bearish pressure.

2. Immediate Support:
- 105.800–105.900: Near-term demand area.
- A break below 105.800 opens downside toward 105.600 (next support).

3. Critical Floor:
- 105.600: Major support.
- Loss of this level could accelerate declines toward 105.300–105.400.

Market Sentiment & Momentum
- Bearish Bias:
- Lower highs (106.122 → 106.000 → 105.900) indicate selling momentum.
- Price trading below 106.000 (psychological pivot) reinforces downside control.

Tactical Trade Setups
- Short Entries:
- Ideal near 106.000–106.122 (stop-loss above 106.200).
- Target: 105.600→ 105.300.
- Long Entries:
- Only if price holds 105.600 with reversal signals (e.g., bullish pin bar).
- Target: Scalping toward 105.900–106.000.


Always confirm with volume/RSI divergence and economic calendars. Trade safe! 🚀